An investigation on behalf of current long term investors in NYSE:BA shares over possible breaches of fiduciary duty by certain officers and directors was announced and NYSE:BA stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 04/18/2016 -- An investigation for shareholders of The Boeing Company concerning potential breaches of fiduciary duties by certain directors and officers of The Boeing Company was announced.
Investors who are current long term investors in The Boeing Company (NYSE:BA) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NYSE:BA stocks follows a lawsuit filed recently against The Boeing Company over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE:BA stocks, concerns whether certain Boeing directors are liable in connection with the allegations made in that lawsuit. According to that complaint filed in the U.S. District Court for the Northern District of Illinois the plaintiff alleges that the defendants made allegedly false and/or misleading statements and/or failed to disclose that Boeing's use of program accounting for the Company's 787 Dreamliner and/or 747 jumbo aircrafts relied on inflated sales forecasts, that Boeing's use of program accounting for the Company's 787 Dreamliner and/or 747 jumbo aircrafts relied on understated estimates of production costs, and that as a result of the foregoing, Boeing's public statements were materially false and misleading at all relevant times.
On February 11, 2016, news reports disclosed that the U.S. Securities and Exchange Commission ("SEC") is reportedly investigating whether the Boeing Company properly accounted for the costs and estimated sales of two of its most renowned airplanes. Specifically, the SEC investigation reportedly concerns projections the Boeing Company made about the long-term profitability for its 787 Dreamliner and the 747 jumbo aircraft, and whether the Boeing Company has inappropriately smoothed earnings and concealed potential losses in past financial reports. Shares of the Boeing Company (NYSE:BA) declined on February 11, 2016, to $102.10 per share.
Those who purchased shares of The Boeing Company have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com